Texas students have a big supporter in the U. S. Department of Education. This department sends billions of dollars to Texas for schools, colleges, and job training. These funds help with everything from school lunches to college tuition. The department also makes sure schools follow federal laws, like Title IX, which stops discrimination based on sex. It also en...
The U. S. Department of Education has pulled the plug on online applications for income-driven repayment (IDR) plans. This means borrowers can't sign up, renew, or tweak their repayment terms through the federal website. This change comes after a federal court order that stopped key parts of the IDR program, including the SAVE plan. This situation is a big d...
Imagine this: The Department of Education is no more. What does this mean for the 42 million people with federal student loans? First off, they still owe that money. Paying back loans is still a must. But who's in charge now? That's the big question. Let's go back a bit. The Department of Education was created by Congress, so only Congress can shut it down. But even...
The White House put a halt on federal grants and loans on Monday, but don't worry, student loans are safe! The Department of Education clarified that the freeze won't affect college financial aid or student loans. The pause is a chance for the White House to review funding that doesn't match President Trump's agenda. The memo mentioned exceptions for Social Security...
The Biden administration is preparing for a potential wave of student loan defaults, as borrowers who fell behind during the pandemic face collection activity again. This will be the first time in nearly five years that borrowers in default will have their wages and retirement benefits garnished. A recent memo from the U. S. Department of Education, obtained by CNBC...
President Biden's administration has made a significant move, offering student loan forgiveness to over 150, 000 borrowers. This group includes 85, 000 individuals who were victims of school fraud, 61, 000 people with severe disabilities, and 6, 100 public service workers. So far, the administration has spent a whopping $183. 6 billion on student loan forgiveness. T...
The Education Department has reopened two repayment plans while facing legal battles over their new Saving on a Valuable Education plan, or SAVE. Republican attorneys general from Kansas and Missouri argue that President Joe Biden is trying to skirt around the Supreme Court's block on his debt cancellation plan. SAVE offers lower monthly payments and quicker debt era...
President Joe Biden's administration is wrapping up its student loan relief efforts with a bang. Recently, the Education Department announced they're forgiving federal student loans for another 55, 000 workers. These workers include teachers, nurses, members of the military, law enforcement officers, and others who have dedicated their time to public service. The pro...
The incoming Trump administration is facing a big challenge with higher education. The root problems, like the value and cost of college, need immediate attention. While the plans aren't clear yet, early signs show the administration might focus on controversial issues like stopping debt cancellation and changing Title IX protections for students. This could be a mis...
President Biden's proposal to eliminate student debt has caused quite a stir. Representative Virginia Foxx from North Carolina wrote to Education Secretary Miguel Cardona with concerns. She questions if the Education Department has the right to cancel loans without a solid reason. Foxx fears this could lead to more debt cancellations, which she thinks is unjust. She ...